Cullen Capital Management’s Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares MBT Stock Holding History

Cullen Capital Management’s Portfolio MBT Stock Details MBT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-68,000	Closed	-$710K	–	143
2017 Q3	$710K	Hold	68,000	–	–	0.02%	118
2017 Q2	$570K	Sell	68,000 -386,950	-85%	-$3.72M	0.02%	126
2017 Q1	$5.02M	Sell	454,950 -200,300	-31%	-$2.08M	0.18%	67
2016 Q4	$5.97M	Buy	655,250 +369,250	+129%	+$2.97M	0.21%	54
2016 Q3	$2.18M	Sell	286,000 -252,600	-47%	-$2.14M	0.07%	102
2016 Q2	$4.46M	Buy	538,600 +156,450	+41%	+$1.38M	0.16%	70
2016 Q1	$3.09M	Buy	382,150 +225,400	+144%	+$1.57M	0.11%	79
2015 Q4	$969K	Buy	+156,750	New	+$1.1M	0.03%	121
2014 Q2	–	Sell	-10,950	Closed	-$192K	–	213
2014 Q1	$192K	Sell	10,950 -12,700	-54%	-$227K	0.01%	197
2013 Q4	$512K	Buy	+23,650	New	+$520K	0.01%	153

Other funds holding MBT

Lazard Asset Management New York $60.8B AUM 22.47% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts $39.1B AUM 28.69% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Cullen Capital Management's MBT Position: Q4 2017 in Review

Cullen Capital Management sold out of Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares (MBT) in Q4 2017, closing a stake of 68,000 shares — an estimated $710K sold.

Cullen Capital Management first reported a position in MBT in Q4 2013 and held it in 10 quarters. The position peaked at $5.97M in Q4 2016. 221 funds tracked by Wall St. Rank hold MBT as of Q4 2017.

Cullen Capital Management reported no remaining Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares position as of Q4 2017 after selling out during the quarter.
Cullen Capital Management sold 68,000 Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares shares in Q4 2017, an estimated $710K.
Cullen Capital Management first reported a position in Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares in Q4 2013 and held it in 10 quarters.
Cullen Capital Management's Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares position peaked at $5.97M in Q4 2016.
221 funds tracked by Wall St. Rank held Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares as of Q4 2017.

Based on Cullen Capital Management's 13F filing for Q4 2017, filed 15 Feb 2018.